Advantage Alpha Capital Partners LP Buys 3,013 Shares of Quaker Chemical Co. (NYSE:KWR)

Advantage Alpha Capital Partners LP increased its holdings in shares of Quaker Chemical Co. (NYSE:KWR) by 13.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,848 shares of the specialty chemicals company’s stock after buying an additional 3,013 shares during the quarter. Advantage Alpha Capital Partners LP’s holdings in Quaker Chemical were worth $4,187,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in Quaker Chemical by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 1,607,511 shares of the specialty chemicals company’s stock valued at $329,942,000 after acquiring an additional 8,484 shares during the period. O Shaughnessy Asset Management LLC purchased a new stake in shares of Quaker Chemical in the 1st quarter valued at approximately $304,000. Price T Rowe Associates Inc. MD increased its stake in Quaker Chemical by 3.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 108,122 shares of the specialty chemicals company’s stock worth $22,193,000 after acquiring an additional 3,441 shares during the last quarter. Tidal Investments LLC increased its position in shares of Quaker Chemical by 18.4% during the first quarter. Tidal Investments LLC now owns 2,842 shares of the specialty chemicals company’s stock valued at $583,000 after acquiring an additional 442 shares during the last quarter. Finally, Harbor Capital Advisors Inc. grew its stake in shares of Quaker Chemical by 374.3% in the second quarter. Harbor Capital Advisors Inc. now owns 4,183 shares of the specialty chemicals company’s stock valued at $710,000 after buying an additional 3,301 shares in the last quarter. 77.46% of the stock is owned by hedge funds and other institutional investors.

Quaker Chemical Stock Performance

Shares of KWR opened at $162.48 on Tuesday. The stock has a market capitalization of $2.89 billion, a P/E ratio of 23.82, a P/E/G ratio of 1.99 and a beta of 1.38. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.88 and a current ratio of 2.54. Quaker Chemical Co. has a 1 year low of $151.31 and a 1 year high of $221.94. The company’s fifty day moving average is $163.90 and its two-hundred day moving average is $169.85.

Quaker Chemical (NYSE:KWR) last issued its quarterly earnings results on Thursday, October 31st. The specialty chemicals company reported $1.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.08 by ($0.19). The firm had revenue of $462.27 million for the quarter, compared to analyst estimates of $469.17 million. Quaker Chemical had a return on equity of 10.10% and a net margin of 6.58%. The company’s revenue was down 5.8% compared to the same quarter last year. During the same quarter last year, the firm earned $2.05 earnings per share. On average, sell-side analysts predict that Quaker Chemical Co. will post 7.78 earnings per share for the current year.

Quaker Chemical Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 17th will be issued a $0.485 dividend. This represents a $1.94 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date is Friday, January 17th. Quaker Chemical’s dividend payout ratio (DPR) is currently 28.45%.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Royal Bank of Canada lowered their price objective on Quaker Chemical from $195.00 to $180.00 and set an “outperform” rating for the company in a research report on Monday, November 4th. Piper Sandler upped their price objective on shares of Quaker Chemical from $190.00 to $200.00 and gave the company an “overweight” rating in a research note on Friday, November 8th. StockNews.com downgraded Quaker Chemical from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. Finally, Deutsche Bank Aktiengesellschaft cut their price target on Quaker Chemical from $190.00 to $182.00 and set a “buy” rating on the stock in a research report on Monday, November 4th.

About Quaker Chemical

Quaker Chemical Corporation, together with its subsidiaries, develops, produces, and markets various formulated specialty chemical products for a range of heavy industrial and manufacturing applications in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It offers metal removal fluids, cleaning fluids, corrosion inhibitors, metal drawing and forming fluids, die-cast mold releases, heat treatment and quenchants, metal forging fluids, hydraulic fluids, specialty greases, offshore sub-sea energy control fluids, rolling lubricants, rod and wire drawing fluids, and surface treatment chemicals.